"What we are hearing from our companies that India story is strong. The slowdown in China is making India story much much stronger," Mukesh Aghi, president of the US India Business Council (USIBC) said.
Russia`s negotiator said Friday that there has been a "very worrying" slowdown in progress in nuclear talks between Iran and six major powers ahead of a June 30 deadline to finalise an historic accord.
China today ruled out introducing a stimulus to arrest the slowdown of the economy but instead announced USD 260 billion worth of infrastructure projects, including railway construction, to spur growth.
China`s services sector grew at the slowest pace in six months in January as growth in new business weakened, a private survey showed, raising expectations that policymakers may unveil more stimulus steps to avert a sharper slowdown in the world`s second-largest economy.
The Planning Commission on Friday said it will revisit annual average GDP growth target of 8 percent for the 12th Plan (2012-17) in view of dismal performance in first two years of policy period, while saying the economy is likely to expand by over 5 percent this fiscal.
Corporate India is likely to see a significant decline in attrition in the coming months as both employers and employees adopt a "wait and watch" approach amid global economic slowdown and volatile markets, say experts.